California State Teachers Retirement System Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

California State Teachers Retirement System decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,803,274 shares of the utilities provider’s stock after selling 428,663 shares during the quarter. California State Teachers Retirement System’s holdings in NextEra Energy were worth $200,967,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NEE. Howard Capital Management Group LLC lifted its position in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of NextEra Energy by 3.1% during the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock worth $1,842,000 after purchasing an additional 656 shares during the last quarter. Wealthquest Corp raised its stake in shares of NextEra Energy by 4.8% during the third quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 446 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of NextEra Energy during the third quarter worth $742,000. Finally, Anchor Investment Management LLC grew its position in NextEra Energy by 4.5% in the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock valued at $4,411,000 after buying an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $66.10 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $136.08 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.45 and a beta of 0.58. The company’s 50-day moving average price is $69.41 and its 200 day moving average price is $72.61. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Erste Group Bank raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Barclays cut their target price on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Finally, BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.